Asiakastieto Group Oyj - Financial Statement Release

Asiakastieto Group's Financial Statement Release 1.1. - 31.12.2016: Year of Strong Growth

ASIAKASTIETO GROUP PLC, STOCK EXCHANGE RELEASE, 16 FEBRUARY 2017 AT 12.00 EET

Asiakastieto Group's Financial Statement Release 1.1. - 31.12.2016: Year of
Strong Growth

SUMMARY

The figures presented in this financial statement release are based on audited
2016 financial statement.

October - December 2016 in short:

-  Net sales amounted to EUR 12,6 million (EUR 11,4 million), an increase of
11,2 %.
-  Adjusted EBIT excluding non-recurring and other adjusted items was EUR 4,4
million (EUR 4,9 million), a decrease of 9,4 %.
-  Operating profit (EBIT) was EUR 4,3 million (EUR 4,9 million). Operating
profit included non-recurring expenses and other adjusted items of EUR 0,1
million (EUR 0,0 million).
-  The share of new products and services of net sales was 5,0 % (8,8 %).
-  The share of value-added services of net sales was 66,9 % (59,7 %).
-  Free cash flow amounted to EUR 4,6 million (EUR 4,7 million). The impact of
non-recurring and other adjusted items on free cash flow was EUR -0,1 million
(EUR -0,0 million).
-  Earnings per share were EUR 0,21 (EUR 0,24).
January - December 2016 in short:

-  Net sales amounted to EUR 49,2 million (EUR 43,7 million), an increase of
12,5 %.
-  Adjusted EBIT excluding non-recurring and adjusted items was EUR 19,2 million
(EUR 18,3 million), an increase of 5,1%.
-  Operating profit (EBIT) was EUR 20,0 million (EUR 15,8 million). Operating
profit included non-recurring expenses and other adjusted items of EUR 0,3
million (EUR 2,5 million) as well as EUR 1,1 million (EUR 0,0 million) non-
recurring, adjusted profit on sale of office premises.
-  The share of new products and services of net sales was 7,4 % (8,6 %).
-  The share of value-added services of net sales was 65,4 % (59,4 %).
-  Free cash flow amounted to EUR 17,2 million (EUR 13,8 million). The impact of
non-recurring and other adjusted items on free cash flow was EUR -0,4 million
(EUR -2,9 million).
-  Earnings per share were EUR 1,01 (EUR 0,76).
-  Profit of non-recurring sale of shares of office premises was EUR 1,1 million
Future outlook

Asiakastieto Group expects its net sales growth rate to be within the range of
long term target. Adjusted euro-nominated net operating profit is expected to
grow from last year but at a slower pace than net sales.

KEY FIGURES

                                        1.10.-     1.10.-      1.1.-      1.1.-

 EUR million                        31.12.2016 31.12.2015 31.12.2016 31.12.2015
-------------------------------------------------------------------------------
 Net sales                                12,6       11,4       49,2       43,7

 Net sales growth, %                      11,2        7,7       12,5        5,6

 Adjusted EBITDA(2)                        5,1        5,4       21,7       20,5

 Adjusted EBITDA margin, %(2)             40,2       47,5       44,1       47,0

 Adjusted operating profit
 (EBIT)(2)                                 4,4        4,9       19,2       18,3

 Adjusted EBIT margin, %(2)               34,8       42,7       39,1       41,8

 New products and services share of
 net sales, %(1)                           5,0        8,8        7,4        8,6

 Free cash flow(3)                         4,6        4,7       17,2       13,8

 Net debt to EBITDA, x                     2,3        2,2        2,2        2,4



(___________________________________________________________________)
(1) The method used for calculating the share of new products and services, the
comparative figures for 1 October - 31 December 2015 and the financial year
2015 have been changed into rolling starting from 1 January 2016, so that the
share include sales of products, which have been launched during the past 24
months. Earlier the share was calculated from the sales of products launched
during the previous and current financial year. Figures based on the old
calculation method were 4,8 % for the fourth quarter 1 October - 31 December
2016, 9,0 % for the comparative period 1 October - 31 December 2015, 6,1 % for
the financial year 2016 and 7,6 % for the comparative period 1 January - 31
December 2015.

(2) Adjusted key figures are adjusted by following items: management fees which
the Company has paid to Investcorp, the former owner of the Company, until the
listing of the Company for certain ongoing advisory services, costs relating to
the listing, an expense relating to the discount given to the personnel in the
personnel offering, M&A related fees for legal and other advisory services,
redundancy payments and compensations paid. The above listed adjusted items were
EUR -0,1 million for the fourth quarter 1 October - 31 December 2016, EUR -0,0
million for the comparative period 1 October - 31 December 2015, EUR -0,3
million for the financial year 2016 and EUR -2,5 million for the comparative
period 2015. Adjusted key figures for the financial year 2016 are also adjusted
by the non-recurring profit on the sale of shares of office premises EUR 1,1
million.

(3 )The impact of adjusted items on free cash flow was EUR -0,1 million for the
fourth quarter 1 October - 31 December 2016, EUR -0,0 million for the
comparative period 1 October - 31 December 2015, EUR - 0,4 million for the
financial year 2016 and EUR -2,9 million for the financial year 2015.

JUKKA RUUSKA, CEO

"2016 was a year of strong growth for Asiakastieto Group. The most important
components in the growth of net sales of 12,5 % were the new services launched
in the course of the year and the increase in inquiry volumes generated by the
general economic growth. The need for our services rises along with the growing
trade of our clients. Further, our clients have automatized their decision-
making and started to use our processed services, which can also be seen in the
growth of net sales. In the financial year 2016, Asiakastieto Group's net sales
amounted to EUR 49,2 million (EUR 43,7 million).

The adjusted operating profit was EUR 19,2 million (EUR 18,3 million), and it
grew by 5,2 %. The difference in the speed of growth between the net sales and
operating profit is due to several factors, the most important one being the
increase in data acquisition costs. The increase in this item of expenditure is
caused by the brisk growth in the real estate and consumer information services
in which we are not able to use the information in our own database to quite the
same extent as in our other services. In addition, the transfer to rented
premises impacted the margin's speed of growth in the financial year 2016.
Especially in the last quarter, the bigger than anticipated actuals of
incentives due to successful financial period had an impact on the operating
profit as well as margin level of acquired Intellia Oy. The earnings per share
for the whole financial year 2016 EUR 1,01 (EUR 0,76) improved strongly,
increasing 33 % compared to previous year.

We see the year 2017 as a kind of breakthrough for the automation of compliance
functions. The more profound knowing of the customer and own supply chain as
well as conformance to the ever more complex legislation require that companies
invest strongly in the unification of processes. Among others, politically
exposed persons or persons on international sanction lists and so-called
beneficial owners must be identified more and more often when concluding
contracts. Asiakastieto Group's current service selection expanding in 2017
supports the companies' growing need to automatize their checks relating to the
knowing of customers and the verification of the conformity to law of their
operations. Consistent background analyses which are made saving the time and
effort of the client enterprises' customers also reinforce the customer
experience."

FUTURE OUTLOOK

Asiakastieto Group expects its net sales growth rate to be within the range of
long term target. Adjusted euro-nominated net operating profit is expected to
grow from last year but at a slower pace than net sales.

The outlook is subject to risks related to, among other factors, the development
of the Finnish economy and the business operations of the Group. The most
significant risks related to business operations include, for example, risks
related to the success of product and service development activities, launches
of new products and services and risks related to competitive tenders and to
losing significant customer accounts.

Asiakastieto Group's business risks have been described in more detail on the
Company's investor pages at investors.asiakastieto.fi.

Helsinki, on 16 February 2017

ASIAKASTIETO GROUP PLC
Board of Directors

For further information:
Jukka Ruuska, CEO
Asiakastieto Group Plc
tel. +358 10 270 7111

Distribution:
Nasdaq Helsinki Ltd
major media
investors.asiakastieto.fi

Asiakastieto Group is one of the leading Finnish providers of business and
consumer information services. The Group's products and services are primarily
used for risk management, finance and administration, decision-making and sales
and marketing purposes. At the end of 2016, the Group had around 19 000 clients,
of which 11 000 were contractual clients. The Group serves several industries,
the largest ones including finance and banking as well as wholesale and retail
sectors and expert service companies. In 2016, the Group's net sales were EUR
49,2 million and it had 170 employees at the end of 2016. Asiakastieto Group is
listed on Nasdaq Helsinki with the ticker ATG1V. More information about
Asiakastieto Group is available at www.asiakastieto.fi.




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